Don’t Make These Bankruptcy Mistakes!

If you’re seriously contemplating filing for bankruptcy to address your financial situation, you’ve probably been researching the process online. Filing for Chapter 7 or 13 bankruptcy is a big decision; your attorney can answer your questions and guide you every step of the way to make the process...

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Can Child Support Be Included in Chapter 7?

There are a lot of negative consequences associated with the failure to pay child support. Once arrearages reach certain thresholds, the paying parent will be denied a U.S. passport, their driver’s license can be suspended, their wages can be garnished, their tax refunds can be taken for child...

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Small Business Bankruptcy in Pennsylvania

It’s no secret that every business can experience financial problems. In fact, most new entrepreneurs worry about their business surviving the first year in business, not to mention the first five years! If your small business is struggling to make ends meet and to repay its obligations, you may...

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Effects of a Chapter 7 Bankruptcy

Are you considering filing Chapter 7 bankruptcy? If so, you’re probably wondering, “What are the effects of Chapter 7 bankruptcy? Will it ruin my credit? Will I have to give up the few assets that I do have?” The effects of a Chapter 7 depend on different factors, such as the types of debts and...

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Psychology of Debt

If you are currently experiencing crushing debt and you’ve noticed that it’s affected your mood, your quality of sleep, and even your health, there could be legitimate reasons for this. Perhaps your financial situation has led to lost sleep or insomnia. Perhaps you’re even experiencing symptoms of...

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How Long Bankruptcy is Reported on Credit

If you’re considering filing for bankruptcy, you may wonder, “How long is bankruptcy reported on a person’s credit?” We decided to dedicate a post to this because most bankruptcy filers have this question. When a debtor files for bankruptcy, the bankruptcy itself is reported on their credit for 10...

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